BuildVerse Event: Promoting RERA Understanding and Carbon Neutrality Pledge


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    CREDAI-MCHI organized the BuildVerse event to foster understanding and adherence to the Real Estate (Regulation and Development) Act (RERA). The event, held at Sofitel BKC, gathered industry figures and stakeholders for knowledge-sharing and discussions.

    Commitment to Environmental Sustainability

    During the event, Mr. Boman Irani, President of CREDAI, announced a pledge to achieve carbon neutrality by 2050. He urged developers to prioritize green living in their projects, aligning with global efforts to combat climate change.

    Workshop on RERA Compliance

    A workshop on RERA compliance, led by Mr. Vinod Chithore, Director (REG), MahaRERA, provided attendees with invaluable insights into navigating regulatory complexities and ensuring compliance within the real estate sector.

    Milestone Celebration for CREDAI-MCHI

    The event marked one year under the leadership of President Mr. Dommic Romell and ex-President Mr. Boman Irani. Both presidents reflected on achievements, challenges, and outlined the future vision for CREDAI-MCHI.

    Keynote Speeches and Presence of Past Presidents

    Inspiring speeches from current and past presidents, including Mr. Rajnikant S. Ajmera, Mr. Vimal Shah, Mr. Mayur Shah, and Mr. Nayan Shah, highlighted the commitment to growth and sustainability in the real estate sector.

    Vision for Sustainable Growth

    Mr. Boman Irani emphasized the importance of sustainable practices, outlining a vision for growth that prioritizes green construction, reform, opportunities, women empowerment, transparency, and housing for all.

    Achievements and Future Plans

    Mr. Domnic Romell discussed accomplishments in enhancing ease of doing business, effective policy formulation, and collaboration with governmental bodies. He highlighted initiatives such as healthcare and education for construction workers’ families and advocacy for housing policies.

    Fireside Chat: Insights into Industry Challenges

    A fireside chat featuring Mr. Vimal Shah and Mr. Vinod Chithore delved into regulatory challenges, market dynamics, and the future outlook for real estate in Mumbai and MMR.

    Emphasis on RERA Registration Considerations

    The discussion emphasized the importance of accurate disclosure in RERA registration, including approved areas, CTS numbers, and development phases. Clarity on registration timelines and transparency in documentation were key themes.

    Acknowledgment of MahaRERA Team

    Mr. Domnic Romell thanked the MahaRERA team, acknowledging their efforts under Mr. Chithore’s leadership in facilitating compliance and transparency within the real estate sector.

    Also read: Warning Issued by MahaRERA: 212 Housing Projects Launched After Jan 2023 Under Scrutiny

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